View allAll Photos Tagged Positioning.
Overhaul of 'NCB Ayrshire Area No 10', Andrew Barclay Sons & Co works no 2244 of 1947.
Doon Valley Railway
Waterside, Ayrshire
21 May 2022
In Position, an art exhibition by Brendan Fernandes at the Varley Art Gallery
This entire batch is a test to my post editing skills due to poor lighting...
Sailors assigned to the aircraft carrier USS Ronald Reagan and embarked Carrier Air Wing 14 take boxes off of a C-2A Greyhound from Fleet Logistics Combat Support Squadron 30. Ronald Reagan was diverted from its current training maneuvers at the direction of Commander U.S. Third Fleet, and at the request of the U.S. Coast Guard, to a position south near the Carnival cruise ship C/V Splendor to facilitate the delivery of 4,500 pounds of supplies to the cruise ship. Early Monday, CV Splendor reported it was dead in the water 150 nautical miles southwest of San Diego. (U.S. Navy photo by Seaman Haldane Hamilton)
USS Ronald Reagan (CVN 76)
Date Taken:11.09.2010
Location:USS RONALD REAGAN, AT SEA
Related Photos: dvidshub.net/r/ds4lb6
Global Positioning System
Primary function: Positioning, navigation, timing and velocity information worldwide. Dimensions: Block IIA, approximately 11 ft.; Block IIR, approximately 5 ft.; Block IIF, approximately 8 ft.; width (includes solar ar- ray span): Block IIA, approximately 17 ft.; Block IIR/M, approximately 37 ft.; Block IIF, approximately 116 ft. Weight: Block IIA, 3,670 Ibs.; Block IIR/M, 4,480 Ibs; Block IIF, 3,758 Ibs. Power: Solar panels generating 800 watts; Block IIF panels generate 2,450 watts. Orbit: 11,000 miles.
During WW2, the prominent position of St Anthony's Head in Cornwall, and of course the close proximity of Falmouth and its harbour, meant fortifications and look out positions were constructed on the headland.
The lookout position just above the light is open to visitors (it's a National Trust property) and offers splendid views of the sea approaches to the port.
This view shows the lighthouse and the village of St Mawes in the background.
The lighthouse is not open to the public however.
New wiper blade time. Looking at the various options I went for Bosch blades - a front and rear set delivered for £33.95.
This process is much easier if you put the wipers into the 'service position' on a Volvo.
This is achieved by:
1. Insert key into dash.
2. Turn on ignition, but do not start.
3. Turn off ignition.
4. Hold wiper stalk up - wipers will move to vertical position and stay there.
5. Remove key.
Turning the ignition on will move wipers back to normal park position.
Die Missionarsstellung. Die Namensgebung ist unklar. Ein weit verbreiteter Mythos ist jedenfalls, dass die Stellung ihren Namen von Missionaren hat. Wenn du dich für weitere Liebesstellungen interessierst schau gerne bei erotik-tipp.de/ vorbei
This might be as close as I'll get to the modified airplanes for a while. They're only flown on the west coast right now.
*Flashback* Part 3, Image 12
Geological Research vessel, Glomar Challenger, here we were approaching the first drill site after leaving Abidjan, Ivory coast. February 1975.
The image shows the acoustic beacon ready to be released at the drill site.
On top of the beacon assembly is a ring of glass spheres enclosed in protective plastic covers to keep the top of the beacon facing the surface of the ocean, an anchor kept the device in place on the ocean floor.
After dropping the beacon the ship continued on it course for about twenty minutes then a 180 º turn was executed that brought the ship back to the site, by then the beacon settled on the ocean bed and emitted an acoustic signal every 10 seconds. Four Hydrophones below the ship picked up the signal and the positioning computer evaluated that info and send signals to the electric propulsion systems, consisting of the main propulsion bow and stern thrusters to maintain position over the drill site.
Kodachrome Slide # 2372. Scanned on Epson Perfection V 500 Scanner.
Please press L to VieW on BLacK
I'm not sure whether this is a camera or some other kind of optical instrument.
Large stereoscopic glass negative. Unidentified german photographer, 1930s?
EEAB= Eastern European Alliance Bloc.
Entrenched along the ____ border, this squad is ready for whatever may invade or assault their sector.
1/1 or 1/2 power first shot, 1/8th power second and 1/64 or 1/128th power for the third image. Distance from object was 10-15', 5' and 1.5' away. All bare flash.
Taken with Nikon D7100 and 50mm 1.8 lens, ISO 200 at 1/250 shutter speed.
A wonderful little church, set down a narrow dead end lane in parkland, and on this January morning, surrounded by a carpet of yellow Winter Aconites, it makes a lovely scene.
Sadly, the church was locked, and keyholders available by phone, but I had no phone with me, so one for another time.
-------------------------------------------
In a charming position on the south slope of the narrow Medway Valley, this church is a very early Norman survivor. The east window is made up of a set of three single lights, the central one being original Norman work, the other two having Early English lancets which replaced the Norman openings. The amazing chancel arch is constructed entirely of tufa, and is one of the best tufa constructions to be seen in south-east England. To the south is a thirteenth-century piscina that served a side altar. There is a large Royal Arms of George III on the west wall.
www.kentchurches.info/church.asp?p=West+Farleigh
-------------------------------------------
WEST FARLEIGH.
SOUTHWARD from Teston, on the opposite side of the river Medway, lies the parish of West Farleigh, so called to distinguish it from the adjoining one of East Farleigh.
It is called in Domesday, FERLAGA, and in the Textus Roffensis, FEARNLEGA, and most probably took its name from the passage over the river Medway at one, or both of these parishes, Fare in Saxon signifying a journey or passage, and lega, a place, i e. the place of the way or passage.
The borsholder of the borough of West Farleigh is chosen at the court leet of that manor, and does not owe service to the court leet of the hundred; nor do the inhabitants of that borough owe any service to that court; but at that court there may be chosen a constable of that hundred out of this borough.
Part of the parish of West Farleigh is held of the manor of Newington near Sittingborne, in free socage tenure, by certain freeholders, at different yearly rents.
THIS PARISH is pleasantly situated on the southern side of the Medway, on the side of a hill declining towards the river; its northern boundary, the meadows, on the bank of which, abounding with large and spreading oaks, as does the whole parish, contributing greatly to the grandeur and beauty of the scene. The soil of it is much the same as that of the adjoining parish of East Farleigh, and is equally fertile in corn, fruit, and hops, of which there are many plantations. The high road across the Medway over I eston bridge, ascends East Farleigh, and is equally sertile in corn, fruit, and hops, of which there are many plantations. The high road across the Medway over 1 eston bridge, ascends the hill through the village, in which is Smith's hall, a handsome well-built seat, and the vicarage, both of them having a fine view of the valley and river, Mereworth, and Teston-house and park, on the opposite hill. About a quarter of a mile eastward is the small hamlet of Farleigh-green, and at the lower edge of the hill, not far from the river the church and the courtlodge, Mr. Stephen Amhurst's, where there is a pretty steep descent of grass and meadow lands to the bank of the river, and the bridge across it to Barmjet. On the opposite side of the village, at no great distance, are the ruins of the mansion of Tutsham, which was pleasantly situated on a rise above the river, and encircled with stately oaks, and its canals plentifully supplied by a small swisftly running brook, called the Ewell, from its rising near the manor of that name, in the eastern part of this parish, and which here falls into the Medway. The house was pulled down a few years ago, when the improvements were made at Teston-house, and the ruins left as an object in the prospect from it. From the village of Farleigh, the high road continues down to Yalding, and thence to the Weald and Sussex. Another road from the village, the ground still rising, leads to Cocks-heath, and the summit of the quarryhill above Burston, where the district of the Weald begins. In the south east part of the parish there is much coppice wood.
IN THE WOODS in this neighbourhood there grows Cyclamen Europæum, sowbread, although Gerarde says, he could not learn that this plant grew any where in England, and Mr. Raye and Mr. Hudson have entirely omitted it in their catalogue of British plants. (fn. 1)
Aristolochia Clematitis, climbing birthwort, grows in the woods between this place and Maidstone. (fn. 2)
THIS PLACE, soon after the conquest, was given by William the Conqueror to Odo, bishop of Baieux, his half-brother, under the general title of whose lands, it is thus entered in the survey of Domesday, taken in that king's reign:
Ranulf de Columbels bolds of the bishop (of Baieux) Ferlaga. It was taxed at one suling, The arable land is four carucates. Rannulf does not hold more than three yokes, and he has there in demesne one carucate, and ten villeins, with four cottagers, having three carucates. There is a church, and seven servants, and one mill of five shillings, and ten acres of meadow, Wood for the pannage of fifteen hogs. In the time of king Edward the Confessor, and afterwards, and now it is worth seven pounds. Alnod held it of king Edward.
Of this suling, Rayner holds one yoke of the bishop in the manor of Pimpe, and he has there one carucate, with nine servants and three acres of meadow. Wood for the pannage of four bogs. In the time of king Edward the Confessor, and afterwards, it was worth twenty shillings, now forty shillings. Alnod Cilt held it of king Edward.
On the disgrace of the bishop of Baieux, about the year 1084, this manor, with the rest of his possessions, became confiscated to the crown; whence it seems to have been granted by the Conqueror to Robert, son of Hamon de Crevequer, whose descendant, Robert de Crevequer afterwards held it as a member of the manor of Chatham. He took part with the rebellious barons against the king; upon which this manor was seized, among the rest of his estates; and through it appears that he was afterwards restored to the king's favor, yet he never regained possession of the manor of West Farleigh, which seems to have remained in the hands of the crown, till king Edward I. gave it to Eleanor his queen, who, in the 18th year of that reign, made a gift of it, with other premises, to the priory of Christ-church, in Canterbury, in exchange for the port of Sandwich. (fn. 3)
King Edward II. in his 10th year, granted to the prior of Christ-church, free-warren in all their demesne lands, which he possessed here in the time of his grandfather, or at any time since. (fn. 4)
This manor continued part of the possessions of the priory of Christ-church till its dissolution, in the 31st year of king Henry VIII. when it was surrendered into the king's hands, who that year granted this manor, among other premises, to Sir Thomas Wyatt, to hold in capite, but his son of the same name having raised a rebellion in the 1st year of queen Mary, was attainted, and his estates were forfeited to the crown; (fn. 5) and the queen, by her letters patent, in her second year, granted this manor to Sir John Baker, her attorney-general, (fn. 6) to hold by the like service. In his descendants it continued down to Sir John Baker, bart. of Sisinghurst, who alienated it soon after the death of Charles I. to Mr. Robert Newton, grocer, of London, who conveyed it to Augustine Hodges, gent. and he sold it in the reign of king Charles II. to John Amhurst, esq. of East Farleigh court lodge, who by will in 1711 devised it to his brother, Nicholas Amhurst, gent. of West Barming, and his grandson, Stephen Amhurst, esq. is the present proprietor of it, and resides in the manor-house.
SMITH'S-HALL is a seat in this parish, to which the Brewers, a family who had resided at Brewer's place, in Mereworth, for many generations, removed in the reign of king Henry VI. and which afterwards branched off to Boxley and Ditton, both in this neighbourhood. (fn. 7) They bore for their arms, Gules, three bends wavy or, a canton vaire, argent and azure.
Of this family was Wm. de Brewer, who was lieutenant of Dover-castle under king John, as appears by the special præcipe directed to him from that king, to deliver this then important fortress to Hubert de Burgh, lord warden of the cinque ports. (fn. 8)
This feat continued the residence of this family to Thomas Brewer, esq. who died possessed of it in 1690, and was buried in this church, whose second wife Anne, was daughter of Richard Kilburne, esq. of Hawkhurst, the Kentish topographer, by whom he had several children. His eldest son, John Brewer, esq. of Smith's hall, died in 1724, leaving by Jane his wife, an only daughter and heir, Jane, who was twice married; first to John Carney, esq. and secondly to John Shrimpton, esq. both of whom she survived, and again possessed this seat, where she resided in her own right. She died here s.p. in 1762, having by her will devised this feat, with the rest of her estates, to her kinsman John Davis, D. D. rector of Hamsey, in Sussex, whose mother was daughter of Thomas Brewer, esq. above-mentioned, by his second wife, daughter of Richard Kilburne, of Hawkhurst, and he died possessed of it in 1766, and was buried in Canterbury cathedral, of which church he was a prebendary. He left issue one son John and three daughters, of whom Elizabeth the eldest, married Henry Pratt, esq. late of Harbledown, Jane the second, died unmarried in 1768, and Anne, the youngest, married Robert Knipe, esq. of London. John Davis, esq. the son, was afterwards knighted, and married the second daughter of Dr. Tattersal, rector of Streatham, in Surry. He sold this feat in 1774 to William Perrin, esq. who resided at Smith's hall, where he kept his shrievalty for this county in 1776, bearing for his arms, Gules, three crescents argent, and he is the present owner, and at times resides in it.
THE MANOR OF TOTESHAM-HALL, usually called Tutsham, in this parish, was antiently the residence of a family, who assumed their surname from it.
John de Totesham was one of the recognitores magnæ assisæ, or judges of the great assize in the reign of king John, as appears by the pipe rolls of that reign, and bore for his arms, Gules, within a bordure a cross argent, between twelve billets of the last; as appears by his seal appendant to a deed in the Dering library.
From him this manor and estate descended in a direct line to Anthony Totesham, esq. who about the latter end of the reign of king Henry VIII. alienated Totesham, with an appendage to it, called Henhurst, (fn. 9) to Thomas Chapman, gent. one of the grooms of the king's chamber, in whose name they staid till the middle of queen Elizabeth's reign, when they were sold to John Laurence, esq. captain of Tilbury fort, who by Anne, one of the two daughters and coheirs of Robert Gidding, esq. left a son and heir, Edward Laurence, esq. who was of Totesham-hall, and died in 1605. His heirs joined in the sale of this manor, to Augustine Skynner, esq. of Devonshire, the younger brother of Richard, of Columpton, in that county, of a family who bore for their arms, Ermine, three lozenges sable, in each a fleur de lis or. (fn. 10) He, on this purchase, removed into Kent, and resided at Totesham-hall.
Augustine Skynner, his eldest son, resided likewise at Totesham-hall, where he died in 1672, without surviving issue, and was buried here. Sometime after his decease, his heirs alienated this manor and feat, with the manor of Ewell in this parish, and other estates in the adjoining parishes, to Edward Goulston, esq. who afterwards resided at Tutsham, and bore for his arms, Barry, nebulee of six argent and gules, over all a bend sable, charged with three plates. He died in 1720, s.p. and was buried in this church, having by his will given them after his wife's death to her nephew, Francis Goulston, son and heir apparent of Richard Goulston, esq. of Widdial, in Hertfordshire. This family, of Widdial, was descended from Thomas Goulston; of Wimondham, in Leicestershire, whose grandson John, son of William, was one of the prothonotaries of the common pleas in the reign of king James I.
James Goulston, esq. his eldest son, was of Widdial, and was father of Richard, and of Anne, the wife of Edward Goulston, of Tutsham, as above mentioned. They bore the same coat of arms as those of this county.
She resided at Tutsham after the death of her husband, and dying in 1724, the property of these manors and estates became vested in Francis Goulston esq. before-mentioned, of Widdial, who on his marriage in 1722, had settled the reversion of them on Sarah his intended wife, and on their issue in tail male, with a power of revocation on his settling other estates, of as great value, in lieu of them. After which, in the 13th year of king George I. anno 1726, having contracted for the sale of them with Sir Philip Boteler, bart. and the expressions in the above settlement being doubtful and ambiguous, an act of parliament was procured to enforce them, and the fee of them was conveyed to Sir Philip Boteler, bart. He died in 1772, s.p. and by will bequeathed one moiety of his estates to Mrs. Elizabeth Bouverie, of Chart Sutton; and the other moiety to the viscountess dowager Folkestone, and William Bouverie, earl of Radnor, both since deceased; and on a partition of his estates, these abovementioned were, among others, allotted to Mrs. Elizabeth Bouverie, now of Teston, the present possessor of them.
Charities.
MRS. ANNE GOULSTON, in 1724, gave by will certain lands, the produce to be distributed yearly to the poor not receiving alms, vested in the churchwardens and overseers, and now, excepting repairs, of the annual produce of 14l.
THE REV. OLIVER NORTH, vicar, gave by will in 1725, to be distributed in like manner, land vested in the vicar and parish officers. and now, excepting land-tax and repairs, of the annual produce of 81.
WEST FARLEIGH is within the ECCLESIASTICAL JURISDICTION of the diocese of Rochester and deanry of Malling.
The church, which stands near the court lodge, consists of one isle, and has a low pointed steeple. It is dedicated to All Saints. In it are monuments for the Brewers, Skinners, and Goulstons, and in the south wall there is an antient tomb fixed in a recess, and over it an arch engrailed, having at each corner a coat of arms; that towards the east is obliterated, but the western one, a cross within a bordure engrailed, is still visible.
Robert de Crevequer, at the time of his founding the priory of Leeds in 1119, gave all the churches of his estates, among which was this of West Farleigh, with all their customs, goods, liberties, and privileges, to that priory. (fn. 11)
William Corboil, archbishop of Canterbury, in the reign of king Henry I. soon after the above-mentioned gift, granted that the canons there should possess this church, and should take the tithes of corn yearly, appropriated to them, and two parcels of land of the possessions of this church, (duas culturas de tenemento) of which, nevertheless, he decreed, that the vicar of it should take the tithes yearly, when they should be cultivated, saving, nevertheless, a third parcel, and all other appurtenances belonging to it, to the vicar serving in it, who should be presented by the prior of Leeds to the bishop, saving to him episcopal right in all things.
This church, together with the advowson of the vicarage, remained part of the possessions of the priory, till the dissolution of it in the reign of Henry VIII. when it was confirmed to that king and his heirs, among the other estates of the priory, by the general words of the act passed in the 31st year of that reign. After which the king, by his dotation charter, in his 33d year, settled both the parsonage, and advowson of the vicarage, on his new-erected dean and chapter of Rochester, with whom they now remain.
The lessee of the parsonage is Mr. John Savage; but the dean and chapter reserve the presentation of the vicarage to themselves.
The vicarage is valued in the king's books at 6l. 10s. 5d. and the yearly tenths at 13s. 0½d.
¶On the intended dissolution of deans and chapters, after the death of king Charles I. the possessions of the dean and chapter of Rochester in this parish, were surveyed in 1649, by order of the state; by which it appeared that this parsonage consisted of all the tithes, &c. with a house, barns, &c. and gardens containing one rood, of the improved rent of seventy-four pounds, and also another barn and premises belonging to it, containing three roods and three perches, of the improved rent of five pounds per annum. All which were let anno 11 Charles I. to Thomas and John Wood, by the late dean and chapter, at the rent of 10l. 11s. 4d. so there remained clear the rent of 68l. 8s. 8d. per annum; that the vicarage was excepted out of the lease, and was worth thirty-five pounds per annum, and that the lessee covenanted to repair the chancel, and to pay the accustomed pension of 3l. 6s. 8d. to the vicar.
Oesterreichische Nationalbank
Logo of the Austrian National Bank
Headquarters Vienna, Austria
Central Bank of Austria
Currency€
To ISO 4217 EUR
website
Previous Austro- Hungarian Bank
List of Central Banks
Oesterreichische Nationalbank, at Otto-Wagner -Platz No. 3, Vienna
The Austrian National Bank (OeNB), Austria's central bank as an integral part of the European System of Central Banks (ESCB) and the Eurosystem. It is instrumental in the design of the economic development in Austria and in the euro area. Legally, the OeNB is a public limited company.. However, it is also subject to further enshrined in the National Bank Act regulations resulting from its separate position as a central bank. In the framework of the Eurosystem, the OeNB contributes to a stability-oriented monetary policy. At the national level, it cares about the preservation of financial stability and the money supply and manage foreign exchange reserves to hedge against the euro in times of crisis. The guideline values in terms of the tasks of the Austrian National Bank are "security, stability and trust".
Contents
1 History
1.1 1816 to 1818
1.2 1818 to 1878
1.3 1878 to 1922
1.4 1922 to 1938
1.5 1938 to 1945
1.6 1945 to 1998
1.7 From 1999
2 The OeNB as a modern central bank
3 Legal form and organs
3.1 Legal framework
3.2 organs
3.2.1 General
3.2.2 General
3.2.3 Board of Directors
4 Tasks
4.1 Monetary policy strategies and monetary policy decision-making process
4.1.1 Economic analysis
4.1.2 Production of statistical information
4.1.3 Contribute to international organizations
4.2 Implementation of monetary policy
4.2.1 use of monetary policy instruments
4.2.2 Reserve Management
4.2.3 Money Supply
4.3 Communication of monetary policy
4.4 ensure financial stability
4.4.1 Financial Stability
4.4.2 Payment System Stability and payments
5 The OeNB in the European System of National Banks
6 President / Governors
7 See also
8 Literature
9 links
10 Notes and references
History
1816-1818
As long as 50 years before the founding of the National Bank the Habsburgs carried out first experiments with securities in the form of paper money. Finally, in the 18th Century the issue of banknotes transferred to a state independent institution, while the issue of paper money called "Banco notes," founded in 1705 by the "Vienna City Bank" took place in 1762.
In wartime governance took back control of the money issue, so there was an inflation of Banco-Zettel 1796-1810. The state ordered the forced acceptance of paper money in private transport, which led to a fast-growing discount on bills in the market. 1799 was therefore one for 100 guilders paper money only 92 guilders in silver coins, and at the end of 1810 the value of the paper florin had fallen to 15 % of the nominal value of the Banco-Zettel. Later, the Habsburgs declared a devaluation of the Banco-Zettel in the ratio of 5:1. This act was considered by the business community as a sovereign default, which the paper money experienced a rapid devaluation.
At the end of the Napoleonic wars the Habsburg multinational state ( → Habsburg Monarchy) faced a new challenge: the restoration of a European balance. Church, the nobility, the army and the bureaucracy as elements in the Ancien Régime were not sufficient to solve this problem, a well -founded economic situation was needed. Moreover, one could not ignore readily the laws of supply and demand.
In this regard, were the first June 1816 by Emperor Francis I two patents issued (later to distinguish the "main patent" or "bank patent"), the "privileged Austrian National Bank", conceived as a public company, had to constitute itself as soon a possible, propose the emperor three of its directors for selection of the governor and take up their activity provisionally on 1 July 1816.
The National Bank had henceforth a monopoly on the issuance of paper money, which led to a slowdown in the Austrian monetary system and an increase in the value of paper money. The economy was again a solid source of money keeping constant the value of money regardless of the spending plans of the State. The equity of the Bank justified this by share issues.
Initially comprised the activities of the bank - under temporary management - the redemption of paper money and the issuance of shares. The full effectiveness attained the National Bank until after the issue of 1,000 shares and the associated possibility of shareholders to set the management themselves.
1818-1878
On 15 July 1817 recieved the National Bank as the "first Bankprivilegium" the exclusive right to unrestricted issue of banknotes and in this context a special position in terms of Rediskontgeschäfts (rediscount business). Beginning of 1818 the definitive bank management was ready. Part of it were among leading figures of Viennese society, including the banker Johann Heinrich von Geymüller and Bernard of Eskeles. From 1830 to 1837 the Office of the Governor was held by Adrian Nicholas Baron Barbier.
In the countries of the Habsburg Monarchy, which were characterized in large part by an agricultural oriented activity pattern, some regions showed a lively commercial-industrial growth. The goal now was to create a system of economic exchange between these areas. Successively established the National Bank branch network and thus guaranteed a uniform money and credit supply. From its headquarters in Vienna this network extended over early industrial areas and commercial centers in Eastern and Central Europe to the northern Mediterranean.
Trade bills and coins were preferred assets of the National Bank, less the supply of money to the state. With the exchange transactions, the National Bank supported the economic growth of the monarchy and secured at the same time the supply of silver coins in the event that the need for these increases in exchange for bank notes, contrary to expectations. 1818 was the National Bank, however, by increasing public debt, due to high spending in times of crisis, not spared to make an increase in the government debt positions on the asset side of its balance sheet.
The patent provisions of the founding of the National Bank not sufficiently secured against the autonomy of governance. At the center of the struggle for independence, this was the question of the extent to which the issue of banknotes must be made on the basis of government bonds. In 1841, a renewal of Bankprivilegiums got a weakening of the independence by pushing back the influence of the shareholders in favor of the state administration. During the revolution of 1848/49 followers of constitutional goals received great support from senior figures in the National Bank. For about a hundred years, the Austrian branch of the Rothschild bank (from which from 1855, the "Royal Privileged Austrian Credit-Institute for Commerce and Industry", the later Creditanstalt, was born) was playing a leading role in the banking center of Vienna. Salomon Mayer von Rothschild was involved during the pre-March in all major transactions of the National Bank for the rehabilitation of the state budget.
Special focus the National Bank was putting on the development of the premium that was payable at the exchange of banknotes into silver money in business dealings. The increase, which corresponded to a depreciation of the notes issued by the Bank should be prevented. From an overall state perspective, the increase of the silver premium means a deterioration in terms of the exchange ratio towards foreign countries, influencing the price competitiveness of the Austrian foreign trade adversely. The stabilization of the premium were set some limits. Although the height of the emission activitiy was depending on the Bank, but also the price of silver and the potential effects of increased government debt materially affected the silver premium. Especially the 1848 revolution and conflicts in the following years caused an increasement of the silver premium.
Mid-century, the private banking and wholesale houses were no longer able to cope with the rapidly growing financial intermediation of the Habsburg monarchy. New forms of capital formation were required. From an initiative of the House of Rothschild, the first by the government approved and private joint-stock bank was created. This formation was followed in 1863 and 1864 by two other joint-stock banks, whose major shareholders included important personalities of the aristocracy, who possessed large liquid funds. Overall, grew with these banks the money creation potential of the "financial center of Vienna".
The central bank faced another difficult task: with its limited resources it had to secure sufficient liquidity on the one hand and on the other hand prevent the inflationary expansion of the money supply. Through close contacts with the shareholders of Vienna was a financial center (informal) ballot, especially in times of crisis, easily dealt out. In contrast, it gave differences of opinion in the Fed Board, which required enforcement of decisions.
In 1861, Friedrich Schey Koromla became director of the National Bank. On 27 December 1862 experienced the Bankprivilegium another innovation. The independence of the National Bank of the State was restored and anchored. Furthermore, was introduced the direct allocation of banknotes in circulation by the system of "Peel'schen Bank Act", which states that the fixed budget of 200 million guilders exceeding circulation of banknotes must be covered by silver coins. In 1866, when the German war ended in defeat for Austria, the compliance of the system was no longer met. The state felt itself forced to pay compensation for breach of privilege. This balance was supported by a law of 1872, after the National Bank may issue notes up to a maximum of 200 million guilders and each additional payment must be fully backed by gold or silver.
1873 the economic boom of the Habsburg monarchy was represented in a long-lasting rise in the share price. A now to be expecting break could by the behavior of the Vienna Stock not be intercepted, so it came to the "Great Crash of 1873". The in 1872 fixed restrictions of the circulation of notes for a short time have been suspended. Contrary to expectations, the money supply in crisis peak but only outgrew by nearly 1% the prescribed limit in the bank acts. The banks and the industrial and commercial companies survived the crash without major losses, although the share prices significantly lay below the initial level.
The years with high growth were followed by a period of stagnation.
1878-1922
As part of the compensation negotiations between Austria and Hungary in 1867, the National Bank was able to exercise fully their Privilegialrechte, the Kingdom of Hungary but now had the certified right, every ten years exercisable, to found an own central bank (bank note). As resulted from the first 10 -year period that furthermore none of the two parts of the monarchy wanted to build an independent money-issuing bank (Zettelbank), was built on 28 June 1878, initially to 31 December 1887 limited, an Austro-Hungarian Bank, and equipped with the Fed privilege. The first privilege of the new bank was a compromise in which on the one hand, regulations on liability for national debts as well as regulations limiting the influence of the government on banking businesses were included. 1878 Gustav Leonhardt was Secretary of the Bank.
The General Assembly and the General Council formed the unit of the bank management. Two directorates and major institutions - in Vienna and Budapest - represented the dual nature of the bank. 1892-1900 followed a long discussion finally the currency conversion from guilders (silver currency) to the crown (gold standard) with "Gold Crown" said coins.
Since the new banknotes were very popular in the public, now many gold coins piled up in the vaults of the Austro-Hungarian Bank. This period was characterized by a balanced combination of price growth and damping, the "per capita national product" grew while prices remained mostly stable. Against this background, it was easy for the Fed to encourage a new wave of industrialization.
With a third privilege in 1899 conditions were established under which the bank could be put into the financial services of the two countries, on the other hand there have been important innovations that paved a good exchange policy. By 1914, the exchange ratio of the Austro-Hungarian currency was unchanged with only minor fluctuations. In contrast, was the by conflicts marked political development.
The expansive foreign policy quickly led to high costs from which had to be shouldered by the central bank a significant part. The stability of the currency was in danger. Shortly after the beginning of World War I in 1914, laid down the Military Command to indemnify any seized property with double the price. There was an increasing scarcity of goods, connected with an ongoing expansion of the money supply and finally the increase in the price level on the 16-fold.
The resulting cost of the war of the Dual Monarchy were covered to 40% on central bank loans and 60% through war bonds. Over the duration of the war, the power force built up in recent decades has been frozen at the end of the conflict in 1918, the real income of the workers had fallen to one-fifth of the last year of peace.
With the end of the war the end for the old order had come, too. The decay of Cisleithania and Transleithania caused in several successor states, despite the efforts of the central bank to maintain the order, a currency separation (see Crown Currency in the decay of the monarchy, successor states). First, a separate "Austrian management" of the bank was introduced. It was encouraged to shoulder the shortcomings of the state budget of the Republic of Austria founded in 1918.
The new South Slav state began in January 1919 stamping its crown banknotes. The newly founded Czechoslovak Republic retained the crown currency (to date), but their printed banknotes in circulation as of February 1919 with indications that now these ar Czechoslovak crowns. (The country could an inflation as experienced by Austria avoide.) In March 1919, German Austria began to stamp its crown banknotes.
The Treaty of Saint-Germain-en-Laye of 10 September 1919, by Austria on 25 October 1919 ratified and which on 16 July 1920 came into force, determined the cancellation and replacement of all crown banknotes of all successor states of Austria-Hungary as well as the complete liquidation of the Austro-Hungarian Bank under the supervision of the war winners. The last meetings of the Bank took place mid 1921 and at the end of 1922.
After a period of overvaluation of the crown the dollar rate rose from 1919 again. 1921, had to be paid over 5,000 Austrian crowns per dollar. In addition to the significant drop in the external value existed in Austria rising inflation. End of 1922 was ultimately a rehabilitation program with foreign assistance - the "Geneva Protocol" - passed which slowed down the inflation.
1922-1938
With Federal Law of 24 July 1922 the Minister of Finance was commissioned to build a central bank, which had to take over the entire note circulation plus current liabilities of the Austrian management of the Austro-Hungarian Bank. With Federal Law of 14 November 1922, certain provisions of the law were amended and promulgated the statutes of the Austrian National Bank. By order of the Federal Government Seipel I 29 December 1922, the Board of the Austrian Austro-Hungarian Bank issued authorization for the central bank union activity with 1 January 1923 have been declared extinct and was made ​​known the commencement of operations of the Oesterreichische Nationalbank this day.
The statutes of the Austrian National Bank (OeNB) secured the independence from the state, the independence of the Bank under exclusion of external influences and the corresponding equity. First, the stabilization of the Austrian currency was at the forefront. With the Schilling Act of 20 December 1924 was the schilling currency (First Republic) with 1 Introduced in March 1925, it replaced the crown currency. For 10,000 crowns now you got a shilling.
As an important personality in terms of the order of the state budget, Dr. Victor Kienböck has to be mentioned. He was in the time from 1922 to 1924 and from 1926 to 1929 finance minister of the First Republic and from 1932 to 1938 President of the Austrian National Bank. Through his work remained the Austrian Schilling, also beyound the global economy crisis, stable. Under this condition, the Fed was able to cope with the large number of bank failures of the past.
1938-1945
According to the on 13th March issued Anschlussgesetz (annexation law) , the Reichsmark with order of the Fuehrer and Chancellor of 17 was March 1938 introduced in the country Austria and determines the course: A Reichsmark is equal to one shilling fifty pence. On the same day, the Chancellor ordered that the management of the to be liquidated National Bank was transferred to the Reichsbank.
With regulation of three ministers of the German Reich of 23 April 1938, the National Bank was established as a property of the Reichsbank and its banknotes the quality as legal tender by 25 April 1938 withdrawn; public funds had Schilling banknotes until 15th of may in 1938 to accept. All the gold and foreign exchange reserves were transferred to Berlin.
The Second World War weakened the Austrian economy to a great extent, the production force after the war corresponded to only 40% of that of 1937 (see also air raids on Austria). To finance the war, the Reichsbank brought to a high degree banknotes in circulation, which only a great victory of the kingdom (Reich) actual values ​​would have been opposable. Since prices were strictly regulated, inflation virtually could be "banned" during the war.
1945-1998
In occupied postwar Austria about 10 billion shillings by Allied military occupying powers were initially printed, which contributed to significant price increases.
With the re-establishment of the Republic of Austria by the Austrian declaration of independence of 27 April 1945, it came to the resumption of activities of the Oesterreichische Nationalbank. By the "Fed Transition Act" of July 1945 preliminary legal regulations for the operations of the Bank have been established. The restoration of the Austrian currency was their first big job. The goal was the summary of all currencies, which at the time were in circulation, and their secondment to a new Austrian currency. The "Schilling Act" of November 1945, the basis for the re-introduction of the Schilling (Second Republic) as legal tender in Austria. The next step was to reduce excess liquidity to make necessary funds for new business investment available and to make the external value of the shilling for the development of the economy competitive. First, however, less changed the inflationary situation and also the shilling was still significantly undervalued in relation to other currencies.
The "Currency Protection Act" of 1947 brought a significant change in the monetary overhang. Some deposits have been deleted without replacement, others converted into claims against the Federal Treasury. The following exchange operations also significantly reduced the amount of cash: banknotes from 1945 were canceled and exchanged for new schilling notes in the ratio 1:3. Only 150 shillings per person could go 1-1.
To control inflation, the social partners came to the foreground. The associations of employers and employees set in 1947 prices for supplies, wages were also raised. This was the first of the five "wage-price agreements" of the social partners. In 1952, inflation was held back by limiting the use of monetary policy instruments by the National Bank. Also, the external sector slowly relaxed after the end of the Korean War.
In 1955, the Austrian National Bank was re-established by the new National Bank Act as a corporation and the by the National Bank Transition of Authorities Act (Nationalbank-Ãœberleitungsgesetz) established provisional arragement abolished. The National Bank Act stipulated that each half of the capital should be situated at the federal government and private shareholders. In addition to the independence of bank loans of the state, the new National Bank Act also contained an order that the central bank must watch within their monetary and credit policies on the economic policies of the federal government. From now on also included within the instruments of the National Bank were the areas open market and minimum reserve policy.
The Austrian economy increasingly stabilized, through good fiscal and monetary policy a high growth could be attained, with low inflation and long-term maintenance of external equilibrium.
1960, Austria joined the European Free Trade Association and participated in the European integration.
In the sixties came the international monetary system based on gold-dollar convertibility into currency fluctuations and political reforms were necessary. First, the loosening of exchange rate adjustments between several states was an option. However, U.S. balance of payments problems brought with it restrictions on capital movements, and then the Euro-Dollar market was born. In 1971, the convertibility of the U.S. dollar was lifted.
1975 interrupted a recession increasing growth time. International unbalanced ayments caused very extensive foreign exchange movements, whereby the intervention force of Austrian monetary policy has been strongly challenged. Their task now was to control the effect of foreign exchange on domestic economic activities to stabilize the shilling in the context of constantly shifting exchange rates and to control the price rise appropriately. Since the inflow of foreign funds reached to high proportions, so that the economic stability has been compromised, the policy went the way of the independent course design in a pool of selected European currencies.
The collapse of the economy forced the policy makers to a new course with active mutual credit control, subdued wage growth, financial impulses in supply and demand, and interest rates are kept low. This system of regulation, however, kept back the need for structural change, so it had to be given up in 1979. In the same year a fire destroyed large parts of the main building of the Austrian National Bank in Vienna. The repairs lasted until 1985.
Target in the eighties was to strengthen the economic performance using a competitive power comparison. The findings from the seventies stimulated the Austrian monetary policy to align the Schilling course at the Deutsche Mark to ensure price stability in the country. In addition, the structural change was initiated by inclusion in a large area. Stable, if not necessarily comfortable environment of monetary policy was a prerequisite, to secure the companies long-term productivity gains and thus safeguard their position in the economy.
Initially, this development stood a high level of unemployment in the way. Growth until the second half of the decade increased, at the same time increased the competitiveness and current accounts could be kept in balance.
In the nineties, the annexation of Austria took place in the European Community. 1995 Austria became a member of the European Union (EU) and joined the exchange rate mechanism of the European Monetary System. In 1998, the Central Banks (ESCB) have established the independence of institutions or bodies of the European Community and the governments of the EU Member States through an amendment to the National Bank Act of the Austrian National Bank to implement the goals and tasks of the European System. Thus, the legal basis for the participation of Austria in the third stage of Economic and Monetary Union (EMU) was created in 1999.
As of 1999
The Austrian National Bank, and other national central banks including the European Central Bank ( ECB), belongs to the European System of Central Banks.
On 1 January 1999 was introduced in the third stage of Economic and Monetary Union in Austria and ten other EU Member States, the euro as a common currency. The European Central Bank is henceforth responsible for monetary and currency policy, decisions in this regard will be taken in accordance with the Council of the European Central Bank.
Since May 2010, the OeNB is in full possession of the Republic of Austria, after originally lobbies, banks and insurance companies were involved with 50 % of the share capital in it. In 2011, the National Bank Act was adapted by an amendment (Federal Law Gazette I No. 50 /2011) in this circumstance, a renewed privatization is thus excluded by law.
The OeNB as a modern central bank
With the withdrawal from the retail business in the sixties as well as the first major internationalization and implementation of a strategic management in the seventies, the OeNB went on the way to a future-oriented central bank. Another major reform of banking began at the end of the eighties.
In terms of global development, the OeNB established in 1988 as a service company and expanded its guiding values ​​- "security, stability and trust" - to the principles of " fficiency" and "cost-consciousness". The business center was optimized and strategic business experienced through targeted improvements a reinforcement. Be mentioned as examples are intensifying domestic cooperation in the area of ​​payments by encouraging the creation of the Society for the Study co-payments (STUZZA), the liberalization of capital movements, the professional management of foreign exchange reserves, the improvement of the supply of money through the construction of the money center and the internationalization of business activities through the establishment of representative offices in Brussels (European Union), Paris (OECD) and the financial center of New York.
After Austria's accession to the EU in 1995, the OeNB participated in the European Monetary System (EMS ) and its Exchange Rate Mechanism. The integration in the third stage of Economic and Monetary Union (EMU) was the next step towards further development of policy stability. Since the conclusion of the Maastricht Treaty, the Austrian National Bank has very fully considered its role in the ESCB and created a basis for inclusion in the community. The profound economic and monetary policy of Austria was also a reference that qualified the OeNB to actively participate in the monetary future of Europe, a greater harmonization of the statistical framework and monetary policy instruments with a view to the euro system, the preparation of the issue of European banknotes, and the establishment of operational processes and organizational integration of business processes within the ESCB being specific objectives of the OeNB.
In the following, it came, inter alia, to the establishement of an economic study department, of an education or training initiative and to strengthen the position of payment transactions through the TARGET system.
A in 1996 created "OeNB master plan" provided important points for the upcoming transition to the euro.
In May 1998, a new pension system came into force, by which new employees were incorporated into a two-pillar model.
1999, Austria's participation in the third stage of EMU was manifest. The Austrian National Bank - as part of the ESCB - became the owner of the European Central Bank and received new powers in this context in the sense of participation in the monetary policy decision-making at the level of the European Community. With the introduction of the euro, monetary policy functions of the General Council have been transferred to the Governing Council. However, the implementation remains the responsibility of national central banks.
Activities of the Oesterreichische Nationalbank were or are, for example, the further professionalization of asset management, the expansion of the network of representative offices by opening a representative office in the financial center of London, preparation of the smooth introduction of euro cash in 2002 and the participation of the OeNB on the creation of the "A-SIT" (Center for secure Information Technology Center - Austria) and the "A-Trust" (society of electronic security systems in traffic GmbH ) in order to promote security in information technology.
The style of car with running boards and spare wheel positioning would suggest this is a 1920s shot, but I'm no car expert! I've parked my own car there by way of a 1920s 2012 comparison too.
The public toilets that were demolished for the new housing development are visible on the right of the 'Then' shot, and those, along with the smell from the stables next to them, and the Higsons (?) ale and cigarette smoke from the pub as I walked past (I grew up up the road) would probably be a most evocative smell that would 'take me right back there'. I think I will pass on trying to recreate that combination though, I think.
This 'old' Childwall shot appears courtesy of Jonathon Wild and I originally came across it on his excellent site on 'The History of Childwall' which can be found at www.childwall.info/
These are from the third batch of 'Liverpool - Then and Now' photo collages that I put together during a hectic but interesting couple of week's project in December 2012.
I've treated the project as a 'treasure hunt' trying to work out the exact location that the original shot was taken, and this section of the set were taken at various times between 1890 and 1980, mainly around the suburbs in the south end of the city, but there are also some taken in town and a few in the north end.
Sometimes the exact angle is no longer possible, due to new buildings in the way etc but I have got myself as close as I could and learned a bit more than I did about the buildings and lives of people that were around Liverpool before I was.
For the 'Now' shots, I tried to put the onus on duplicating the original rather than necessarily getting the 'best' shot I could, so if the original was wonky, I wonked up the modern one. I also tried, where possible, to catch any modern equivalent details, so if a
tram or car or pedestrian was in the original, I tried to get a bus or car or pedestrian in the same spot - that was by no means always possible, though.
A note on copyright issues - the last thing I would want to do is use someone else's work without their permission. Most of the 'Then' pictures I either bought in a secondhand bookshop or found on the internet. I believe most of these pictures are either postcards, engineers or sanitation department records pictures and just the very occasional individual person's photograph. I believe very old postcards and the like are generally 'in the public domain' so haven't done much checking on ownership of them. On the shots where I have been able to work out a previous Flickr appearance, I have emailed the persons I believe to be the owners and asked for their permission to use them.
Where they have given permission I have credited them accordingly.
If anyone sees others that they hold the copyright for, please do contact me - I would be more than happy to credit you as such and add any information you would like, or I would remove them altogether if preferred. Saying that, I hope as many people as possible enjoy what I've put together, and I would be interested if anyone has any questions, comments or corrections!
I've thoroughly enjoyed the project so far, so if I have the time, the weather stays reasonable and I find some suitable 'Then' shots, possibly more north end of Liverpool suburb-based, pubs and docks, I may well soon add some more.
Thank you for looking!
USS New York (LPD-21) positioned off the coast of Camp Lejeune, N.C., supporting Marines and sailors of the 24th Marine Expeditionary Unit during an amphibious assault onto Camp Lejeune, Dec. 18. The USS New York launched a mechanized infantry company from the 24th MEU's battalion landing team and air support in the form of UH-1 Hueys and AH-1 Cobras, all of which are embarked on the ship during the three-week long Composite Training Unit Exercise. COMPTUEX, the second at-sea training period for 24th MEU and Amphibious Squadron 8, is focused on developing cohesion between the 24th MEU and PHIBRON 8 in conducting amphibious operations, crisis response, and limited contingency operations while operating from the sea.
Different Position – Sir you are now a women 41
transgenre.silicone-breast.com/2017/01/03/different-posit...
Notice : Releasing this comic on every Monday to Thursday
Graphical display of the satellite positioning system in a bus of the public transport with on-board computer and ticket-printer 'ATRON FR touch'. The distance between the bus stops and the remaining distance to the next stop is shown in meters. The DOP-value indicates the quality of the existing satellite constellation. Altstätten, Switzerland, Apr 18, 2010.
The driving position of a Cuban BRILL railcar operating from Guantanamo a couple of years ago. Note the engine protrusion and the gear lever, as well as the strange (but obvious!) lack of a steering wheel!
With the threat of a German land invasion, gun batteries were placed strategically along the south coast. Brownstone Battery was built at Froward Point above Kingswear in 1940 to protect the Dart Estuary and nearby beaches Slapton and Blackpool Sands. The Battery was manned by up to 300 soldiers.
The Battery has two gun positions. Each housed a six-inch gun, taken from a First World War battleship. The guns had a range of over 14 miles, and 13 men were needed to operate each gun. The men worked on a shift system.
The shells containing high explosives were propelled from the guns by 'charges.' These were either cordite, a silk bag filled with smaller bags of explosive, or a cartridge, a brass cylinder filled with explosive.
At the lower position, a miniature railway was built and the track carried shells down the steep slop from the ammunition store to the gun position. The shells were loaded onto a truck or bogey then freewheeled down with gears controlling the speed. An engine and pulley hoisted the truck back up the slope.
There are two searchlight positions at the battery. The reinforced concrete buildings housed powerful searchlights which scanned the sea for enemy ships. Five men operated each searchlight, working on shifts. Below the searchlights, the whole cliff area was covered in barbed wire.
The Battery was decommissioned in the late 1950s and is now managed by the National Trust.